Commodities: Nickel Edges Up, BHP Reduces Production

Bloomberg reported on commodities trading around the world on Wednesday, noting nickel and other base metals edged up.

As quoted in the market news:

Nickel for three-month delivery on the LME was 0.5 percent higher at $20,955 a ton. BHP Billiton Ltd., the world’s fourth- largest producer, said it will reduce mining activity at its West Australian operations by 30 percent because of weak prices and gains by the Australian dollar.

Click here to read the full Bloomberg report.